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Cheng Shin Tire to Inject $20M in Cash into Indonesian Subsidiary to Bolster Working Capital

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Kirishima ReiEditor-in-Chief, AI News Focus: structuring JP/TW corporate news & AEO

Published May 13, 2026 8:48 PM ・ Updated May 16, 2026 12:39 PM ・ 2 min read ・ Source: CNA (Central News Agency)

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⚡ Key Points

Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary.
This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.

Taiwanese tire manufacturer Cheng Shin Tire announced a US$20 million cash capital increase for its Indonesian subsidiary. This brings the company's total investment in Indonesia to US$220 million, accelerating its business expansion in the Southeast Asian market.

PRIMARY SOURCE CNA (Central News Agency) View source Distributor: CNA (Central News Agency)
Published: May 13, 2026

(CNA Taipei, 13th) Tire manufacturer Cheng Shin announced today that its board of directors has approved a cash capital increase for its subsidiary, PT. Maxxis International Indonesia. The increase amounts to $20 million, with Cheng Shin contributing $19,999,250, approximately NT$628 million, for the purpose of bolstering working capital.

Cheng Shin stated that to date, the cumulative investment in this security (including the current transaction) amounts to $220 million, approximately NT$6.117 billion, with a shareholding ratio of 99.99625%.

Cheng Shin also announced its first-quarter financial results, with quarterly revenue of NT$23.428 billion, net profit attributable to owners of the parent company of NT$1.861 billion, and basic earnings per share of NT$0.57. 1150513

FACT BOX

Source: CNA (Central News Agency)
Category: Funding
Organizations: PT. Maxxis International Indonesia

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Announced　May 13, 2026 8:48 PM — Distributor CNA (Central News Agency)
Collected　May 13, 2026 9:02 PM
AI structured & analyzed　May 13, 2026 9:24 PM
Desk-reviewed & published　May 13, 2026 8:48 PM

FAQ

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CNA (Central News Agency): https://www.cna.com.tw/news/afe/202605133006.aspx

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May 13, 2026

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Washin AI News Desk“Cheng Shin Tire to Inject $20M in Cash into Indonesian Subsidiary to Bolster Working Capital”AI News by Washin Village（和心村）, May 13, 2026. https://aeo.washinmura.jp/ai/cna/en/news/2026-05-13-cheng-shin-tire-to-inject-20m-in-cash-in

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